by | Apr 13, 2020 | Tax Tips and News
The Internal Revenue Service says it is extending additional tax deadlines for individuals and businesses. This latest Notice 2020-23, builds on the original announcement that taxpayers have until July 15 to file and pay federal income taxes. No penalties or interest...
by | Apr 11, 2020 | Tax Tips and News
The IRS unveiled a new online tool to help non-filers register to receive an Economic Impact Payment (EIP): the “Non-Filers: Enter Payment Info Here” feature on IRS.gov. This new resource was quickly developed to help more qualifying Americans receive their payment,...
by | Apr 10, 2020 | Tax Tips and News
Internal Revenue Service suggests that taxpayers e-file their tax returns instead. In a press release encouraging taxpayers to electronically file their tax returns, the Internal Revenue Service yesterday evening said that it was not currently processing paper tax...
by | Apr 9, 2020 | Tax Tips and News
Erin Collins apparently loves a challenge. Collins, recently named the new National Taxpayer Advocate, has started her new position ahead of time in order to provide the Taxpayer Advocate Service (TAS) with complete leadership during this unsettled time. Collins’...
by | Apr 8, 2020 | Tax Tips and News
Use Drake Tax to file EIP returns! Drake Software today announced that Drake Tax supports Economic Impact Payment (EIP) returns, providing customers a way to help those who don’t typically file a return receive the payment recently authorized by the CARES Act. There...
by | Apr 7, 2020 | Tax Tips and News
For many of us, we’re living in a time that has no comparison. We’ve seen wars, famines, economic crashes, but no pandemic—until now. Jim Buttonow of Accounting Today magazine says for the Internal Revenue Service, a bad situation may be about to get even worse....
